The US Senator declares “year of digital assets.”

The US Senator declared “This is a year of digital assets,” and approved the landmark’s federal efforts poised to transform crypto regulations, boost innovation and restructure financial markets.

Senate leadership will work with the White House to defend the crypto revolution

US Sen. Cynthia Ramis (R-WY) praised the president’s working group on digital assets markets on July 30, describing the group’s latest report as a major advance in US leadership in financial innovation.

In her role as chairman of the US Senate Banking Subcommittee on Digital Assets, Ramis said: She also writes on social media platform X.

This is the year of digital assets.

The Wyoming Senator emphasized in his presidential report that priorities reflect legislative initiatives he has defended over the past four years. Lummis was targeting the Federal Reserve Committee and its regional banks for failing to comply with federal laws regarding master account access for digital asset-centric depository agencies. Her criticism helped the withdrawal of Sarah Bloom Ruskin’s nomination for the role of senior superintendent at the central bank.

Ramis also denounced what she identified as a hidden directive within the Federal Reserve to weigh “reputation risks” and “controversial commentary” when assessing banks with encrypted exposure.

Beyond regulatory accountability, Lummis has a highly comprehensive digital asset law. She introduced the financial technology sandbox framework in 2022 under Wyoming’s 2019 law, and is now incorporated into the broader Senate Banking Committee market structural reforms. She also wrote bills to reform digital property taxes, including De Minimis exemptions, relief for miners and 3D measures, and revisions to alternative minimum taxes for businesses. Critics have raised concerns about a decline in surveillance, but supporters argue that such reforms ensure that the US remains competitive worldwide with blockchain innovations.